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Reaction details (08:52)
- No reaction seen in treasuries as this is in line with expectations.
Analysis details (08:51)
- This think tank report is very similar to an article written in the FT yesterday and therefore is in line with current expectations.
- Each month under operation twist the Fed purchases USD 45bln of long dated treasuries which is sterilized with the same amount sold of short dated, therefore this talk suggests an unwinding of operation twist with purchases unsterilized from January.
05 Dec 2012 - 08:47 - Fixed Income Economic Commentary - Source: RANsquawk
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